Верхнее меню

Optimization of Pension System of Russian Federation as Part of its Evolution



E.A. Khromov
eah01@bk.ru
senior lecturer, the Department of Socio-Economic Education and Philosophy, Surgut State Pedagogical University, PhD in History
Surgut

Keywords:

  • pension budget deficit
  • individual pension capital
  • replacement coefficient
  • pension model
  • pension reform
  • pension system
  • pension formula
  • pension insurance
  • retirement age
  • Pension Fund
  • pension system reform
  • The research represents an overview and is devoted to identifying the features of optimizing the pension system of the Russian Federation in the course of its evolution. Largely, the relevance of the topic is related to the systematic attempts of the national government to reform the pension system by moving the main burden of responsibility for future pensions on citizens. This explains the increasing significance of accumulative and insurance principles in the pension system to the detriment of distributive ones. We stress the fact that the measures taken by the government to optimize the pension system consisted in changing certain parameters of the pension model. This could not lead to positive dynamics, as the system itself needed reforming. The country's authorities were forced to resort to radical reforms due to a significant increase in the pension budget deficit. It was caused by a number of factors that will negatively impact the stability of the national pension system in the future. We make a conclusion that the pension reform mainly aimed at reducing the pension deficit in the long term will not lead to a significant increase in the real size of pensions. To optimize the pension system it is necessary to change the economy structure and to build public confidence in the pension system and accumulative pension insurance tools.

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